but 50% of that economy is the banking industry. not only the banking industry but the jobs in the banking industry. i think people are going to be very concerned seeing those pictures. i think that, you know, the contagion is a possibility there. when people think that and they see those things on tv, it just unfortunately gives that feeling of fear and that it could happen anywhere. >> david kelly, we were getting to a point where people like, you know, global strategists were saying that maybe europe was starting to look attractive again. maybe it was time to get in there. is that -- are people going to rethink that with the way things were handled in nicosia? >> i think it does give people cause for pause. european stocks are still cheap. but they're not as cheap, i think, as u.s. stocks given the outlook here. i do think we're going to have some volatility here because of the problems and the bad policy in europe. but i think long term investors should still recognize that the elephant in the room or the rhino as rick would put